W 
24.76
-2.90%
Close of 9 Nov 2026, in CNY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥526.2m
FY2016FY2025
Net income
CN¥52.3m
FY2016FY2025
Free cash flow
−CN¥111.9m
FY2016FY2025
Shareholders' equity
CN¥1.30bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥526.2m | CN¥448.4m | CN¥310.0m | CN¥448.8m | CN¥491.5m | CN¥491.4m | CN¥296.9m | CN¥207.6m | CN¥118.6m | CN¥48.1m |
| Research and development | CN¥19.1m | CN¥22.8m | CN¥29.3m | CN¥23.8m | CN¥31.4m | CN¥24.0m | CN¥13.4m | CN¥10.9m | CN¥6.3m | CN¥3.4m |
| Operating income | CN¥59.0m | −CN¥81.3m | −CN¥17.4m | CN¥63.7m | CN¥130.3m | CN¥224.6m | CN¥114.5m | CN¥94.4m | CN¥36.8m | CN¥9.3m |
| Net income | CN¥52.3m | −CN¥86.1m | −CN¥13.4m | CN¥56.4m | CN¥108.8m | CN¥192.8m | CN¥100.4m | CN¥80.2m | CN¥30.5m | CN¥7.8m |
| Diluted earnings per share | 0.56 | -0.83 | -0.12 | 0.49 | 0.94 | 1.67 | 1.14 | 1.80 | 0.33 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥1.72bn | CN¥1.62bn | CN¥1.68bn | CN¥1.78bn | CN¥1.84bn | CN¥1.64bn | CN¥446.8m | CN¥298.1m | CN¥207.2m | CN¥88.5m |
| Cash and short-term investments | — | CN¥656.2m | CN¥710.0m | CN¥871.4m | CN¥794.3m | CN¥919.1m | CN¥122.9m | CN¥87.3m | CN¥40.2m | CN¥9.1m |
| Total liabilities | CN¥418.8m | CN¥381.1m | CN¥252.6m | CN¥304.8m | CN¥352.3m | CN¥227.4m | CN¥132.8m | CN¥64.4m | CN¥112.8m | CN¥35.4m |
| Debt | — | CN¥47.2m | CN¥16.7m | CN¥24.2m | CN¥20.3m | CN¥605,643 | — | — | CN¥6.0m | CN¥9.0m |
| Shareholders' equity | CN¥1.30bn | CN¥1.24bn | CN¥1.43bn | CN¥1.48bn | CN¥1.49bn | CN¥1.41bn | CN¥314.0m | CN¥233.7m | CN¥94.4m | CN¥53.1m |
| Shares outstanding | 94m | 103m | 115m | 115m | 116m | 116m | 88m | 45m | 94m | 94m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥86.1m | CN¥89.2m | CN¥58.9m | CN¥97.8m | −CN¥92.3m | −CN¥91.0m | CN¥42.7m | CN¥23.5m | CN¥25.9m | CN¥1.6m |
| Capital spending | −CN¥25.8m | −CN¥30.8m | −CN¥21.7m | −CN¥37.3m | −CN¥35.9m | −CN¥23.0m | −CN¥8.3m | −CN¥7.2m | −CN¥4.1m | −CN¥9.6m |
| Free cash flow | −CN¥111.9m | CN¥58.4m | CN¥37.2m | CN¥60.5m | −CN¥128.2m | −CN¥114.1m | CN¥34.4m | CN¥16.3m | CN¥21.7m | −CN¥8.0m |
| Dividends paid | −CN¥43.8m | −CN¥24.9m | −CN¥15.5m | −CN¥33.3m | −CN¥35.7m | −CN¥23.8m | −CN¥20.1m | −CN¥10.1m | −CN¥459,112 | −CN¥255,321 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥119.2m | CN¥48.3m | CN¥233.1m | CN¥184.9m | CN¥61.7m | CN¥46.4m | CN¥148.2m | CN¥94.8m |
| Operating income | CN¥26.4m | CN¥9.9m | CN¥7.5m | CN¥55.2m | CN¥1.7m | −CN¥5.3m | −CN¥112.6m | CN¥2.8m |
| Net income | CN¥1.5m | −CN¥7.1m | CN¥6.7m | CN¥48.7m | CN¥1.6m | −CN¥4.7m | −CN¥114.3m | CN¥3.4m |
| Diluted earnings per share | 0.02 | -0.08 | 0.07 | 0.52 | 0.02 | -0.05 | -1.11 | 0.03 |
| Cash from operations | — | — | — | −CN¥28.0m | −CN¥32.0m | −CN¥66.0m | — | −CN¥24.0m |
| Capital spending | −CN¥3.0m | −CN¥3.0m | −CN¥13.0m | −CN¥4.0m | −CN¥6.0m | −CN¥2.0m | −CN¥5.0m | −CN¥8.0m |
| Free cash flow | — | — | — | −CN¥32.0m | −CN¥38.0m | −CN¥68.0m | — | −CN¥32.0m |
| Total assets | CN¥1.57bn | CN¥1.66bn | CN¥1.72bn | CN¥1.64bn | CN¥1.55bn | CN¥1.57bn | CN¥1.62bn | CN¥1.63bn |
| Cash and short-term investments | — | — | — | CN¥479.6m | CN¥481.4m | CN¥535.5m | CN¥656.2m | CN¥569.8m |
| Debt | — | — | — | CN¥83.3m | — | CN¥1.0m | — | CN¥11.0m |
| Shareholders' equity | CN¥1.25bn | CN¥1.30bn | CN¥1.30bn | CN¥1.24bn | CN¥1.21bn | CN¥1.23bn | CN¥1.24bn | CN¥1.35bn |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 11.1% | -18.0% | -5.7% | 14.9% | 26.5% | 46.2% | — |
| Net margin | 9.9% | -19.2% | -4.3% | 12.6% | 22.1% | 39.2% | — |
| Return on equity | 4.0% | -7.0% | -0.9% | 3.8% | 7.3% | 13.6% | — |
| Return on assets | 3.0% | -5.3% | -0.8% | 3.2% | 5.9% | 11.8% | — |
| Free cash flow yield | -2.3% | 4.1% | 2.5% | 4.1% | -1.7% | -2.1% | — |
| Revenue growth | 17.3% | 44.6% | -30.9% | -8.7% | 0.0% | 65.5% | — |
| Earnings growth | -160.7% | 540.9% | -123.8% | -48.1% | -43.6% | 92.0% | — |
| Current ratio | 3.45x | 4.11x | 5.47x | 5.36x | 4.72x | 6.67x | — |
| Debt to equity | — | 0.04x | 0.01x | 0.02x | 0.01x | 0.00x | 0.06x |
| Equity ratio | 75.5% | 76.3% | 84.8% | 82.9% | 80.8% | 86.1% | — |
| Interest coverage | 322.15x | -77.64x | -25.89x | 33.81x | 74.92x | 4818.47x | — |
| R&D as a share of sales | 3.6% | 5.1% | 9.5% | 5.3% | 6.4% | 4.9% | — |
| Buybacks as a share of market value | 9.5% | 9.8% | 0.5% | 0.8% | -0.5% | -31.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.4% | 1.4% | — |
| Operating income | -2.5% | -23.5% | — |
| Net income | -2.5% | -23.0% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 40.1 | -18.0 | -169.5 | 37.6 | 27.0 | 19.5 |
| Price to sales | 4.0 | 3.5 | 7.3 | 4.7 | 6.0 | 7.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 16 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.286 | 0.157 | 0.136 | 0.286 | 0.219 | 0.146 |
- 7-for-5 split · 19 Jun 2023
- 7-for-5 split · 20 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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